NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.
SASKATOON, SK, Sept. 20, 2011 /CNW/ - 49 North Resources Inc. ("49
North") (TSX Venture: FNR) is pleased to announce that its wholly owned
subsidiary Allstar Energy Limited ("Allstar") has secured credit
facilities in the aggregate of $6,800,000 CDN from National Bank of
Canada. The facilities are for Allstar's general corporate expenses,
to assist in the acquisition of petroleum and natural gas reserves
(both producing and non-producing) and to pay out existing credit
49 North is a Saskatchewan focused resource investment company with
strategic operations in financial, managerial and geological advisory
services and merchant banking. Our diversified portfolio of assets
includes direct project involvement in the resource sector, as well as
investments in shares and other securities of junior and intermediate
mineral and oil and gas exploration companies. Additional information
about 49 North is available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE 49 North Resources Inc.
For further information:
49 North Resources Inc.
President and Chief Executive Officer
306-653-2692 or email@example.com.